Question: PLEASE answer. I will give a good rate Exercise 14-4 (Algo) Uncertain Future Cash Flows [LO14-4] Lukow Products is Investigating the purchase of a plece
PLEASE answer. I will give a good rate

Exercise 14-4 (Algo) Uncertain Future Cash Flows [LO14-4] Lukow Products is Investigating the purchase of a plece of automated equipment that will save $120,000 each year in direct labor and Inventory carrying costs. This equipment costs $830,000 and is expected to have a 8 -year useful life with no salvage value. The company's required rate of return is 11% on all equipment purchases. Management anticipates that this equipment will provide Intangible benefits such as greater flexibility and higher-quality output that will result in additional future cash inflows. Click here to vlew Exhibit 14B-1 and Exhiblt 14B-2, to determine the approprlate discount factor(s) using table. Required: 1. What is the net present value of the plece of equipment before considering its Intangible benefits? (Enter negatlve amount with a minus sign. Round your final answer to the nearest whole dollar amount.) 2. What minimum dollar value per year must be provided by the equipment's intangible benefits to justify the $830,000 investment? (Do not round Intermedlate calculatlons. Round your answer to the nearest whole dollar amount.)
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